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Pengaruh Profitabilitas Dan Likuiditas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi Tarigan, Sela R.P Br; Syahyunan , Syahyunan; Aditi, Bunga
Jurnal Ekonomi Bisnis, Manajemen dan Akuntansi (Jebma) Vol. 3 No. 3 (2023): Artikel Riset Volume 3 Issue 3, November 2023
Publisher : Yayasan Cita Cendikiawan Al Kharizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/jebma.v3i3.3067

Abstract

Tujuan penelitian ini dilakukan untuk mengetahui pengaruh Return on Asset terhadap Nilai Perusahaan, pengaruh Current Ratio terhadap Dividend Nilai Perusahaan, pengaruh Return on Asset terhadap Nilai Perusahaan yang dimoderasi oleh Dividend Payout Ratio dan pengaruh Current Ratio terhadap Nilai Perusahaan yang dimoderasi oleh Dividend Payout Ratio pada perusahaan manufaktur sub sektor rokok yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015-2022. Pendekatan yang digunakan dalam penelitian ini adalah pendekatan asosiatif. Teknik analisis data yang digunakan dalam penelitian ini adalah kuantitatif. Teknik pengumpulan data dalam penelitian ini menggunakan teknik dokumentasi. Pengambilan sampel menggunakan metode purposive sampling dengan menggunakan kriteria tertentu. Sampel penelitian sebanyak 3 perusahaan. Hasil penelitian ini Profitabilitas berpengaruh positif dan signifikan terhadap Nilai Perusahaan, Likuiditas berpengaruh negatif dan signifikan terhadap Nilai Perusahaan, Kebijakan Dividen mampu memoderasi pengaruh Profitabilitas terhadap Nilai Perusahaan, Kebijakan Dividen mampu memoderasi pengaruh Likuiditas terhadap Nilai Perusahaan atau dapat dikatakan Kebijakan Dividen merupakan pure moderator Pada Perusahaan Subsektor Rokok Yang Terdaftar di Bursa Efek Indonesia.
Analysis Of The Effect Of Financial Leverage On Financial Performance Of Listed Property & Real Estate Sector Companies On The Indonesian Stock Exchange Period 2019 – 2023 Faisal, Ahmad; Syahyunan , Syahyunan; Setiawan , Teguh
Journal of Innovative and Creativity Vol. 5 No. 3 (2025)
Publisher : Fakultas Ilmu Pendidikan Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/joecy.v5i3.3508

Abstract

This study aims to analyze the Effect of Financial Leverage on Financial Performance in Property & Real Estate Companies Listed on the Indonesia Stock Exchange for the 2019-2023 Period. In this study, the author examines the effect of Financial Leverage represented by its independent variables, namely, Debt to Assets Ratio (DAR), Debt to Equity Ratio (DER), and Interest Coverage Ratio (ICR) on Financial Performance with indicators represented by Return On Assets (ROA) as the dependent variable using a quantitative approach. The data taken in the study are financial report data found on the official website of the Indonesia Stock Exchange. The sampling technique used is purposive sampling and obtained 10 companies according to the research sample requirements with a research period of 5 consecutive years, thus obtaining 50 data samples. The data analysis method in this study is panel data regression analysis using Eviews 12.0 software. The results of the study indicate that simultaneously the relationship between independent variables, namely, Debt to Assets Ratio (DAR), Debt to Equity Ratio (DER), and Interest Coverage Ratio (ICR) on the dependent variable, namely, Financial Performance (Return On Asset = ROA) is able to have a significant influence. While partially, the relationship between Debt to Assets Ratio (DAR) and Debt to Equity Ratio (DER) has a negative and significant influence on Financial Performance (Return On Asset = ROA). However, the relationship between Interest Coverage Ratio (ICR) on Financial Performance (Return On Asset = ROA) does not have a significant influence.